2015 U. P. Energy Summit: MISO Perspective Melissa Seymour, Executive Director, MISO September 30, 2015
Today’s Focus • Brief Overview of MISO • What’s changed since last year? – Status of System Support Resources (SSRs) and new Generation Requests in the Upper Peninsula • Long-term reliability in the Upper Peninsula – Resource Adequacy – Transmission Planning 2
MISO is an independent, non-profit organization in 15 U.S. States and one Canadian province MISO by-the-numbers High Voltage Transmission 65,853 miles Installed Generation 178,396 MW Installed Generation 1,594 Units Peak System Demand 127,125 MW Mission Drive value creation through efficient reliability / market operations, planning and innovation or restated Enable the reliable delivery of least cost electricity to end-use consumers. 3
MISO manages flows on the transmission system by directing generator usage 4
Status of System Support Resources (SSRs) White Pine Unit 1 Owned by: White Pine Electric Power, LLC Presque Isle Units 5 ‐ 9 Retirement Owned by: Wisconsin Electric SSR effective 04/16/2015 Retirement ~20 MW no longer exists ~344 MW White Pine Unit 2 Owned by: White Pine Electric Power, Escanaba Units 1 ‐ 2 LLC Owned by: City of Escanaba Retirement Suspension no longer exists no longer exists ~20 MW ~25 MW Map Source: Ventyx 5
Generator Interconnection Projects Project Name: J317 Summer Capacity 112 MW Project Name: J398 Fuel Type: Gas Summer Capacity 204 MW In Service: 06/01/2016 Fuel Type: Gas Status: Withdrawn In Service: 10/31/2016 Status: Withdrawn Project Name: J394 Summer Capacity 280 MW Fuel Type: Gas In Service: 12/15/2016 Status: System Impact Study Project Name: J397 Project Name: J352 Summer Capacity 153 MW Summer Capacity 342 MW Fuel Type: Gas Fuel Type: Gas In Service: 10/31/2016 Project Name: J353 In Service: 08/01/2017 Status: System Impact Study Summer Capacity 690 MW Status: Parked Fuel Type: Gas In Service: 08/01/2017 Status: Parked Map Source: Ventyx 6
Resource Adequacy - The Balancing Act • Day-to-day MISO reliably and efficiently balances the needs of customers with available supply through a centralized, competitive energy markets • Long-term reliability (resource adequacy) is assured through mandatory reserve margin requirements (planning reserve margin) – In the MISO region, Load Serving Entities, with oversight by the States as applicable by jurisdiction, are responsible for their Resource Adequacy – Flexibility is provided for Load Serving Entities to meet there requirements 7
Michigan’s Resource Adequacy Outlook in 2020 (in GW) Zone 2 Zone 7 * Zonal values based on capacity location against reserve requirement and do not reflect inter ‐ MISO transfers and future resource commitments 8
MISO and stakeholders are addressing Resource Adequacy Issues to make changes for the 2017-2018 Planning Year • Eliminate restudies • Eliminate restudies • Implement higher readiness standards • Implement higher readiness standards Interconnection • Reduce facilities study processing times • Reduce facilities study processing times Queue Process • Expedite the study cycle timeline • Expedite the study cycle timeline • Reduce commercial uncertainty • Reduce commercial uncertainty • Separate seasonal auctions • Separate seasonal auctions • Seasonal resource requirements (Planning Reserve • Seasonal resource requirements (Planning Reserve Seasonality Margin Requirements) Margin Requirements) • Achieve transparency, reliability, flexibility, market • Achieve transparency, reliability, flexibility, market efficiency efficiency • Local Resource Zones respecting physical • Local Resource Zones respecting physical transmission limits and state’s jurisdictional authority transmission limits and state’s jurisdictional authority • Hedging mechanisms reflective of historical usage and • Hedging mechanisms reflective of historical usage and Locational investment investment • External resource zones mapped to coordination • External resource zones mapped to coordination agreements agreements 9
MISO Transmission Expansion Plan (MTEP) 10
Unique Transmission Planning Challenges in the Upper Peninsula • Uncertain resource future, generator additions and retirement – Presque Isle expected to retire in 2020 – Generation Study underway for potential replacement for Presque Isle (Project J394) – Other generation additions in the generator interconnection queue • Potential changes in load patterns; high sensitivity to small changes in load; high load factor • Long lead time for new transmission infrastructure Planning for transmission alternatives must proceed in parallel until resource needs are definitively resolved 11
Summary • Significant decrease in the number of SSRs • MISO’s survey indicates that Zone 2, which includes the Upper Peninsula, has sufficient resources to meet load obligations over the next five years • MISO continues to plan for the eventual retirement of Presque Isle – Proceed with MTEP approval of Plains-National transmission project in December 2015 – Complete analysis of J394 (280 MW) • MISO will continue to monitor load and generation changes that impact the Upper Peninsula 12
For additional information please contact: MSeymour@misoenergy.org 13
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